Philadelphia is the fifth most populous city in America and is one of the most vibrant, diverse and exciting cities on the East Coast. Much of the excitement in Philadelphia is centered in the Center City/Downtown area. Like many U.S. cities in the last thirty years, Philly has experienced a successful downtown rejuvenation. Only New York and Chicago have higher residential Center City populations than Philly.

Center City Philadelphia's real estate options consist of condominiums, townhouses, and a limited number of single-family detached homes. Center City has an easy to follow grid street design, which makes getting around the city easy and convenient. Philly is home to about 4.5 million residents and is the center of the Delaware Valley Metropolitan area, which has over 6 million residents. Between the two rivers, Center City has 60,000 residents who enjoy close-knit neighborhoods and an array of attractive housing styles, all within walking distance of restaurants, nightlife, cultural institutions and other amenities.

Famous Broad Street, also known as the Avenue of the Arts, divides Center City and creates distinct neighborhoods that residents of each have come to love, all with their distinct flavor, including the historic Society Hill, the New York-Like Rittenhouse Square and the incredible Art Museum, not to mention Bella Vista, Queen Village, Old City, Graduate Hospital, Northern Liberties, and Manayuak.

Center City/Downtown Philadelphia's real estate offers multiple unit properties, ranging from recently built condominiums to great units in rehabbed older buildings to turn of the century townhouses. Prices start from less than $100,000 to close to $1 million. There are many diverse, varied areas in Center City and the surrounding areas, which mean housing prices will vary throughout. Some properties may feature amenities such as swimming pools, workout facilities, and community recreation rooms. There are also a large number of health clubs available in the Center City area.

Downtown Center City Philadelphia Real Estate Stats and Trends for the week of March 21st, 2019: homes priced around $566,111 compared to $566,111 the previous week, to remain steady with no change in listing price. For Thursday, March 21st, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.